Canada's birth rate is going down. The solution = more immigrants

[Not getting younger]

It is supply side issues that is making housing more expensive.

Immigration is one demand factor, but even with reduced immigration Canada's housing woes will continue, given the red tape and bureaucracy surrounding zoning, permitting, taxation and what not.

And yet, when land is freed up, in a manner that might reduce development cost. People go ape shit…..

As is material/labour cost.

immigration Is definitely a large factor. As is the lack of infrastructure/services/amenities

and jobs

anywhere but “the centre of the universe”
It’s called diversification…look at the US. While they have many of the same/similar problems. There are all kinds of places to go for work and a place to live. This “issue” debate is redicously easy to figure out. If newly landed in Canada, where would you go..

Is it needed? Absolutely. We are getting older, birth rates down, longevity up. Speaking of which…..Boomers…need to be replaced in the economy

 

[Not getting younger]

Yep, but go back 10-20years. What did voters want in the GTA, especially when central Ontario/small town Ontario were getting crushed.

They certainly didn’t listen to the warnings about Boomers.

Housing has been chronically short for roughly 15 years. When did prices start taking off? Around 2008 and 2012….

Maritimes. Often referred to “welfare” bums. Central/sw Ontario where there are few jobs and little economic activity? 2011? When oil went in the tank, and the west shed a ton of jobs.

So what’s left in Canada for new immigrants..

 

[onthebottom]

Does not work from home mitigate the high prices of living in Toronto or other larger cities? Can’t you move to a smaller town and keep your Toronto income? That’s whats beginning to happen in the US, people are moving from CA and NY to lower cost markets and keeping their coastal income.

No amount of development, IMHO would make Toronto affordable for a young family, that might be the wrong place to focus if you want women to have 2-3 kids vs 0-1.

 

[Not getting younger]

Does not work from home mitigate the high prices of living in Toronto or other larger cities? Can’t you move to a smaller town and keep your Toronto income? That’s whats beginning to happen in the US, people are moving from CA and NY to lower cost markets and keeping their coastal income.

No amount of development, IMHO would make Toronto affordable for a young family, that might be the wrong place to focus if you want women to have 2-3 kids vs 0-1.

Personally think the jury will be out on that for a few more years. At least right now remote work looks like it could be very bad.

Not sure anyone quite knows what the impact of Boomers leaving the workforce will have on the economy and gdp. Most seem to think a small hit….Just know certain labour markets will have shortages. If we assume 1 immigrant for 1 boomer. It’s not unreasonable to expect boomers are leaving higher paying jobs having worked their way up, and immigrants/youth will earn less. That’s less tax revenue ( plus the fact retired people spend less)…..

muniple, provincial federal debt up to the eyeballs. So less revenue, and much higher healthcare expenses as boomers get older…

remote work.
Why pay GTA salaries, why pay Canadian corporate taxes when people in “India” will do the job for less.

As employees why pay Canadian taxes, GTA cost of living when you can work remotely from sunny San Diego, Panama, Belize, Costa Rica, etc

 

[onthebottom]

Personally think the jury will be out on that for a few more years. At least right now remote work looks like it could be very bad.

Not sure anyone quite knows what the impact of Boomers leaving the workforce will have on the economy and gdp. Most seem to think a small hit….Just know certain labour markets will have shortages. If we assume 1 immigrant for 1 boomer. It’s not unreasonable to expect boomers are leaving higher paying jobs having worked their way up, and immigrants/youth will earn less. That’s less tax revenue ( plus the fact retired people spend less)…..

muniple, provincial federal debt up to the eyeballs. So less revenue, and much higher healthcare expenses as boomers get older…

remote work.
Why pay GTA salaries, why pay Canadian corporate taxes when people in “India” will do the job for less.

As employees why pay Canadian taxes, GTA cost of living when you can work remotely from sunny San Diego, Panama, Belize, Costa Rica, etc

I’ve worked remotely for 15 years, it will work out just fine for many careers. During COVID our firm had people going to their vacation homes (I’m at mine in MN right now looking at a lake) to work, some in other countries, that causes all sorts of tax and regulations.

As boomers (I’m a young one) retire they will begin taking their investments out of the market, which will constrain capital, their income and tax contributions will decrease, they will begin drawing benefits. This is the combination of impacts that make demographics so important to the future of a countries economy.

 

[DesRicardo]

As employees why pay Canadian taxes, GTA cost of living when you can work remotely from sunny San Diego, Panama, Belize, Costa Rica, etc

I believe there is a tax issue working in another country and most companies won't allow remote access like that for lower level workers for security reasons.

 

[Not getting younger]

I believe there is a tax issue working in another country and most companies won't allow remote access like that for lower level workers for security reasons.

I was able to work from home as early as 2000. One daughter, employed by a big bank on Bay Street. Working from home since the start of Covid. Why pay millions to lease a floor on Bay street….one niece in adversting. Working from South America, a friend from Costa Rica.

 

[angrymime666]

How about a national $10/day daycare plan so young families can afford to have children.

as long as Im not paying for it.

There are no new rental apartments being built even after DoFo killed rent control.
All that happened is rents went way, way up.

Even Montreal offered massive incentives and no rentals were built.
Developers wanna build it and sell it.

its not profitable to be a landlord anymore considering the cost to buy property, the return on your investment and the headaches. much easier to just invest in a reit.

 

[DesRicardo]

I was able to work from home as early as 2000. One daughter, employed by a big bank on Bay Street. Working from home since the start of Covid. Why pay millions to lease a floor on Bay street….one niece in adversting. Working from South America, a friend from Costa Rica.

Working at home is ok. Working abroad is an issue. Your friends most likely have violated a few tax codes.

 

[DesRicardo]

Tax breaks are not the same as social assistance. A tax break is a benefit to someone that's working. Social assistance is a benefit to someone that's not.

It's better to incentivize the people who will work and pay for their own children, than those who won't.

Let me put it another way. Is it better to visit an agency SP with real pics that is known to provide GFE/PSE, or a bait-and-switch operator with fake pics on LL? Which one gets your money?

But regardless of your employment status, you will get a child benefit cheque.

 

[DesRicardo]

Correct, I'm proposing a change. Those who work and pay for their own kids get more, in terms of a tax break, than those who don't. A tax break is useless to someone who does not pay taxes.

Harper did that and Trudeau used it to attack him. The Scheer said he'd bring it back and Trudeau defeated Scheer.

The problem with entangling this into tax breaks is they get missed. Parents rather the lump sum guarantee.

This is a hard sell to lower income families.

 

[DesRicardo]

That's precisely why I'm proposing it. Get the higher income families to produce more children, because they can afford to.

Do SPs and agencies want rich clients or poor ones? Their rates are a hard sell to poor clients.

Most Canadian households are not high income. The benefit wouldn't even serve it's purpose.

 

[Not getting younger]

Working at home is ok. Working abroad is an issue. Your friends most likely have violated a few tax codes.

Not necessarily. Without getting into that. Yes that was mentioned. Some might depend on the type of work. Freelance consultant? Writers. Also depends on where the employer is incorporated…funny thing about services. They can be done almost from anywhere.

Where….are they spending their $$$….whose economy are they helping. Buying this and that from people/companies that pay their taxes, then spend $ here and there….. and more people pay income tax, sales tax….Certainly not downtown Toronto. Certainly not paying HST, sin taxes, fees for this and that,

Time will tell. But even here in Canada. A person can move to say the Maritimes, but still be working for a Canadian company that no longer has a floor space in Ontario…

 

[Not getting younger]

Correct, I'm proposing a change. Those who work and pay for their own kids get more, in terms of a tax break, than those who don't. A tax break is useless to someone who does not pay taxes.

Why are we on this board? So we can decide which SPs to give our money to. How do we decide? Same concept.

many years ago, that’s how it worked. Those that had kids, got some money. Plus tax break on their returns. There are credits for extra curriculars, childcare and daycare, such as camps, sports, dependents etc.

don’t the well off get enough tax breaks as it is? What with RSPs, TFSAs, RESPs ( plus more). Plus subsidized EVs, etc and so on.
Lower middle class that can’t find 2 nickels to save for their futures….. Sucks to be you, thanks for playing.

But there’s also the fact, women are having children later in life and aren’t stay at home moms…They have careers now, ladders to climb. Which is the main reason, people don’t have more than two.

 

[Frankfooter]

Correct, I'm proposing a change. Those who work and pay for their own kids get more, in terms of a tax break, than those who don't. A tax break is useless to someone who does not pay taxes.

Why are we on this board? So we can decide which SPs to give our money to. How do we decide? Same concept.

Sounds like a plan for $10 a day daycare.
Tax breaks for working families only, if you're not working you don't need daycare.
Done.

 

[DesRicardo]

Fine. Get the middle to high income families to produce more children. Everyone other than low income. Everyone who actually pays taxes. Better?

Marraige rates have been declining for years. Are you a strong believer in Marriage?

 

[DesRicardo]

I wouldn't be here if I was, now would I? You don't have to be married to have kids. You just have to pay for them yourself.

Are you implying that you fathered yourself?

The traditional family structure is what helps creates a healthy supply of children. Tax credits and benefits have proven to be ineffective.

On top of that, promoting more children without the structure of marraige can be a recipe for danger, especially for men. Child support laws can be are unjust towards men.

Canada destroys the family structure within the country, then brings in immigrants with strong core family beliefs.

 

[richaceg]

Immigrants helped established Canada as a powerhouse Country...since the early days of pioneering....Immigrants will eventually become Canadians...

 

[Darts]

A tax break is useless to someone who does not pay taxes.

I think the great late Jack Layton said "tax breaks don't benefit people who don't pay taxes" or some words to that effect.

Anyone who is getting a "tax break" is someone who actually pays taxes.

 

[Dutch Oven]

I think the great late Jack Layton said "tax breaks don't benefit people who don't pay taxes" or some words to that effect.

Anyone who is getting a "tax break" is someone who actually pays taxes.

Correct. And if those who wish they were making enough to pay taxes ever want to make that contibution to society, they need to support the EXPANSION of business in Canada. If tax breaks contribute to that development, and they often do, EVERYONE should support those measures.